Category: exports
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South Korea’s Exports Sputter as Risks Rise in Chips and Tariffs
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Bread path links PMN Business South Korea’s exports lost growth momentum in February with weakening the demand for semiconductor and officials to involve the United States in the hope of avoiding success from the Donald Trump tariff campaign. The author of the article: Bloomberg News Sam Kim and Sue Hyang…
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Scottish salmon exports hit record high as global demand surges
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Scottish salmon exports increased to 844 million pounds in 2024, enhancing its situation as the best food export in the United Kingdom, driven by sales of prosperity in France and the United States. HMRC trade data revealed an increase of 45 percent on an annual basis, comfortably exceeding the highest…
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UK exports under threat as proposed Trump tariffs mirror Brexit impact
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Trade tariffs proposed by former US President Donald Trump could affect British goods exports to the US as much as Brexit has hurt UK sales to the EU, new research has shown. The analysis by the Decision Foundation warns that if Trump reimposes global tariffs between 10 and 20 percent,…
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New Zealand halts poultry exports as bird flu found at egg farm
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New Zealand has suspended all poultry exports after the first case of bird flu was confirmed at an egg farm in the South Otago region. Exports of poultry products worth about NZ$190 million (US$112 million) a year will be halted until New Zealand can prove it is free of bird…
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Kenya to restrict raw exports of gold, other minerals
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Kenya plans to restrict the export of some minerals in their raw form after the completion of ongoing construction of processing plants, a move that heralds a major policy shift aimed at maximizing profits for the government and communities. The Ministry of Mining says that gold, precious stones and granite…
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Japan August data shows a big miss for both exports and imports – recap
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Kenya miraa exports double on reopened Somalia market
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Mira traders in Kenya managed to double their exports last year after the Somali market reopened, but they faced stiff competition from their rivals in Ethiopia. Data from the Food and Agriculture Authority shows that Kenya exported 6.2 million kilograms of miraa in 2023, all of which was destined for…
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UK suspends some arms exports to Israel
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The British Foreign Office announced today during a parliamentary debate that the British government has decided to partially suspend arms exports to Israel due to the war in Gaza. The government took this decision after a review lasting almost two months, which found that British arms and defence exports “may…
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Forexlive European FX news wrap 26 Aug – Libya halts oil production and exports
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Canada rail shutdown may still delay western grain exports By Reuters
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By Karl Bloom (Reuters) – A rail shutdown in Canada may delay the loading of some bulk grain ships at ports on the country’s West Coast despite a government move to end a standstill at the country’s two largest rail operators, traders and analysts said. More than 20 large cargo…
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Fall in exports worries Israeli manufacturers
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The Manufacturers Association of Israel expressed concern over figures released earlier this week by the Central Bureau of Statistics, which showed negative per capita growth of 0.4% in the second quarter, while GDP grew by 1.2% year-on-year. Business output fell 1.9% in the second quarter compared to the first quarter…
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Value of Kenya tea exports to Pakistan up 11pc on demand
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The value of Kenyan tea bought by Pakistan rose 10.6 percent in the six months to June, extending the Asian nation’s dominance as the biggest buyer of the drink from the East African nation and helping to offset falling sales to other major buyers. New data from the Central Bank…
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Turkish exports to “Palestine” skyrocket
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Three months after Turkish President Recep Tayyip Erdogan imposed a trade embargo on Israel, and after Globes exposed the Palestinian loophole that Israeli exporters were exploiting to keep goods flowing, it turns out that the loophole has become a highway. According to the Turkish Exporters Assembly (TiM), which represents more…
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China’s exports surge, pushing trade surplus to $99bn amid tariff threats
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China posted a record trade surplus of $99 billion last month, the highest in more than two decades, as it continued to drive export growth despite looming tariff threats from President Donald Trump. Official trade data for June showed an 8.6% increase in export volumes, beating economists’ expectations of 8%…
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Germany Sees Exports & Imports Fall in May 2024
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Germany’s trade figures have become clear, and the economic powerhouse seems to be playing the “who can shrink slower?” game in the global market. Despite sharp declines in exports and imports, Germany’s trade surplus managed to widen in May 2024. the The Federal Statistical Office reported on Monday Trade balance…
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Kenya Agoa exports dip 42pc, deny traders dollar windfall
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Kenya’s export earnings to the United States under the African Growth and Opportunity Act (AGOA) fell by 41.7 percent last year, new data shows, hurt by a general decline in garment shipments, denying traders gains during a period when the shilling weakened sharply against the dollar. Kenya exported Ksh65.77 billion…
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Nvidia to launch in Middle East amid U.S. curbs on AI exports to region, Ooredoo CEO says By Reuters
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Written by Andrew Mills DOHA (Reuters) – Nvidia (NASDAQ:) has signed an agreement to deploy its artificial intelligence technology in data centers owned by Qatari telecommunications group Ooredoo in five countries in the Middle East, Ooredoo’s CEO told Reuters. The agreement represents Nvidia’s first large-scale launch in the region, to…
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Japan’s exports pick up on weak yen but business mood stalls By Reuters
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By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s exports rose for a fifth straight month in April, supported by a weak yen, but shipment volumes struggled as growth was affected by weak demand, government data showed on Wednesday. The trade data clouds policymakers’ hopes that exports will offset weak domestic consumption.…
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Singapore Non-oil Domestic Exports (NODX) April 2024: +7.6% m/m vs. +7.9% expected
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Singapore’s non-oil domestic exports (NODX) for April 2024 -9.3% YoY vs. -10% expected and -20.8% in March +7.6% m/m vs. +7.9% expected and -8.4% in March A noticeable decline in exports of non-electronic products, primarily medicines. SGD update, strengthened since March NODX data was released in the middle of last…
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Turkey approves renewal of exports to Israel
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The Turkish Trade Ministry sent letters to factories in the local construction industry that worked with Israel until the export ban on 54 items imposed exactly one month ago, and informed them today (Thursday) of temporary approval to resume supplies to Israel, sources familiar with the matter said. With this…